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5701 Gulfport Boulevard S - Walgreens, Gulfport, FL

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5701 Gulfport Boulevard S - Walgreens

Gulfport, FL 33707-4834 - South Pinellas Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:1996
Building Size:14,661 SF Land Area:1.23 AC (53,579 SF)
For Sale Price:$4,278,384 Price/SF:$291.82
Cap Rate:-
Parking:77 Surface spaces are available; Ratio of 5.25/1,000 SF

Sale Notes:
Stan Johnson Company is pleased to offer for sale to qualified investors, the opportunity to purchase a Walgreens property located at 5701 Gulfport Blvd S | Gulfport, FL (the Property ). The Property is located on Gulfport Blvd, a significant east/west thoroughfare in Gulfport, and is 4 miles west of downtown St. Petersburg. The Property is +/- 14,725 square feet on 1.23 acres with a drive-thru pharmacy. Walgreens is operating under a 20 year base lease term, and has just recently executed its first option. Walgreen Co. is a Fortune 500 Company and had FY2014 revenue of $103.44 billion and net income of $1.93 billion. As of August 31, 2015, Walgreen Co.' s net worth was in excess of $30.86 billion. The company had a market capitalization of $96.12 billion as of November 3, 2015, and currently holds a BBB/Stable rating by Standard and Poor' s.

Located in the South Pinellas Sub-market of the Tampa Bay area, this property boasts a population of over 200,000 within a 5 mile radius.

Stan Johnson Company
Tyler Molleson
(404) 823-6360

Jason Powell
(404) 823-6360

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